2023 Income Tax Deadline Reminder South Africa
This is a friendly reminder to ensure your 2023 Income Tax is submitted by the tax due date and filing deadlines.
You are required to submit your return for the 2023 filing season by:
- 23 October 2023 - if you are a non-provisional taxpayer.
- 24 January 2024 - if you are a provisional taxpayer.
South African Revenue Service (SARS) is looking at non-compliance as a major contributor to their overall collection for the tax year.
This has already started gaining traction where SARS has already collected over R400m in 2023 just from penalties.
You definitely want to ensure your income tax return is submitted by the tax deadline. This is to avoid becoming a statistic of South African Revenue Service Penalties and Interest system.
Frequently asked questions
What tax year end does the 2023 Income Tax return relate to?
It relates to Individuals who have a 28 February 2023 financial and tax year end as well all Companies, CC's and Trusts.
What is a Provisional Tax Return
These are interim collections in lieu of the annual income tax - read our blog post on Provisional Tax
Must I submit capital gains as well with my 2023 Income tax return
Yes, if you have sold any capital assets then these sales must be declared SARS so that your capital gains or loss can be declared.
What is taxable income
This is the final amount on which your tax calculation will be based on - read our blog on taxable income.
What happens if I am late with my tax payments
SARS will levy a 10% late payment penalty and start charging interest on the outstanding amount.
Can I submit tax if I don't have an efiling profile
No, you need a SARS efiling profile registered to your tax number in order to access the returns or have your tax practitioner handle the tax return for you.
Do I need a tax reference number to submit my tax
Yes you must be registered for income tax and in possession of an income tax reference number and then access to the SARS efiling portal as well.
Do you need a quote for your Income Tax return
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